American Express (NYSE:AXP) announced on Thursday it has reimaged its American Express Corporate Program with new offerings to meet the needs of both companies and their employees. The new suite of products includes American Express Corporate Green, Gold, and Platinum Card. Each of the cards will roll out a set of flexible tools and solutions that are designed to make business travel more efficient and enjoyable, help ease the task of expense management, and provide benefits that can extend to Card Members’ personal lives.
Along with the reimaging of the program, American Express also announced a custom offering under the Corporate Program for startups as they continue to rapidly scale and grow their businesses.
“The Corporate Program for Startups will offer the option of full corporate liability, as well as offering dynamic spending capacity that flexes with the startup’s linked business bank account. For startups, this means big spending power that is not fixed, with no personal credit score impact, no personal guarantee, and no security deposit, along with the premium access, rewards, security and the world-class service that American Express is known for.”
While sharing more details about the program, Anna Marrs, President, Global Commercial Services at American Express, stated:
“Listening to our customers and evolving our offerings to fit their changing needs is a key reason we’ve been able to maintain our leadership position in the Corporate Card space. This reinvention of our Corporate Cards, coupled with the introduction of the Corporate Program for Startups, will provide our customers the powerful backing and world-class service they need to compete in an ever-changing business environment.”
Under the Corporate Program for Startups, companies will have access to:
- Dynamic spending capacity to back their big ideas
- The option of full corporate liability with no personal credit score impact, no personal guarantee, and no security deposit
- Exclusive access to our merchant offers curated for startups